Iowa

+49 (69) 28 38 58

iowa@iowa-eu.de

Iowa

+49 (69) 28 38 58

iowa@iowa-eu.de

Iowa

+49 (69) 28 38 58

iowa@iowa-eu.de

Welcome to the State of Iowa

Why Invest in Iowa

Low cost of doing business:

Iowa has the second lowest cost of doing business in the United States and is one of the top 10 states for doing business overall (CNBC, 2016).

Three of Iowa's Metropolitan Statistical Areas rank as best places for business in the U.S. (Forbes Magazine, 2015)

Iowa's average industrial electricity cost per kWh is 19% below the U.S. average (U.S. Energy Information Administration, 2015).

Iowa's average lease rates for industrial space are 15% below the U.S. average. (NAI Global 2012).

Iowa's construction costs for industrial space are 18% below the U.S. average (NAI Global 2012).

Iowa is a right to work state and payroll costs are 18.2 percent below the national average. The average wage for Iowa manufacturing workers is 14 percent below the U.S. industry average (Bureau of Labor Statistics, Bureau of Economic Analysis 2015).

Iowa is perfectly positioned:

Iowa's central geographic location and abundance of transportation options make the state a quick and easy place for businesses to distribute product.

A strong rail infrastructure and rivers bordering both the east and west sides of the state, provide Iowa businesses with warehousing, logistics and distribution benefits. Iowa has 4,389 miles of railway lines.

More than 175 million pounds of cargo are transported through Iowa's airports annually.

There are 62 barge terminals that ship and receive tonnage in Iowa — 57 on the Mississippi River and five on the Missouri River.

No sales or use tax on purchases of industrial machinery, equipment and computers used for manufacturing or to process data by insurance companies, financial institutions or certain commercial enterprises.

No sales tax on materials used in the manufacturing process or purchases of electricity or natural gas used directly in the manufacturing process.

Refundable research and development tax credit

Iowa is one of only a few states in the nation to consistently offer a refundable research activities credit—even while federal research credits have fluctuated with intermittent expiration dates and reinstatement periods. Iowa's refundable credit for increasing research activities is up to 6.5 percent of the company's qualifying research expenditures in Iowa. Companies approved for expansion in an Enterprise Zone or under the High Quality Jobs program may be eligible for a supplemental tax credit for qualifying research and development activities.

Workforce

The success of a company depends heavily on the strength of its workforce. Iowa has all of the key elements to provide a smart, productive workforce necessary to foster business growth. The combination of Midwest work ethic and a leading education system results in one of the most productive workforces anywhere.

The employee talent pool in Iowa is among the top five in the nation for percentage of high school graduates and degrees earned per capita.

Iowa is a right-to-work state.

Iowans tend to stay in one job an average of 12 years compared to the US average of 4.4 years (Iowa Workforce Development)

Iowa has the 3rd highest number of bachelor's degrees in science, engineering and technology conferred per 1,000 individuals 18-24 years old. (National Science Foundation, Science and Engineering Indicators 2013)

Iowa's graduation rate is among the top 10 in the country. Over 90 percent of Iowa's workforce has finished high school, with over 90 percent of those obtaining some further technical training or attending a college or university.

The Iowa Economic Development Authority (IEDA) works with businesses and communities to bolster Iowa's economy and position the state for growth. IEDA can assist your company by providing the following types of assistance:

Free searchable database of information on existing buildings, available sites and Iowa communities.

Regulatory process assistance provided to Iowa companies.

Training and support available to all companies expanding in Iowa. Iowa works in partnership with public/private service providers and other state agencies to actively promote new employee training, incumbent worker preparation, lifelong learning and development and expansion of the state's labor pool.

What We Can Do To Help You

Please visit www.iowaeconomicdevelopment.com for more information on how Iowa can assist you, to learn more about Iowa's business climate, assistance and expansion programs, available buildings, sites and more. Contact us anytime.